Office of Financial Aid

2007-2008 Financial Aid Deadlines

All Downtown Campus Students

If you would like your financial aid disbursed
to your tuition account by the first week of class, your
file must be complete with the Office of Financial Aid by
6/15/2007. To complete your file you must have a 2007-2008
FAFSA on file, accept your "estimated aid" by
using your web for student account, and all relevant promissory
notes (except Perkins) must be completed with the lender
of your choice.

Even if your file is not complete by June
15th you are still eligible to apply and receive financial
aid but please be aware that your funds may not disburse
by the first week of class. For this reason, we encourage
all students take action to complete his/her file by June
15, 2007. If you have questions regarding whether you have
to complete a new promissory note please contact the Office
of financial aid at finaid@kentlaw.edu or 312-906-5160.

Accepting Summer Awards

You have been offered a financial aid award
for the summer but you have yet to accept the offered amounts.
You must accept the offered Estimated Federal Stafford,
Federal Graduate Plus and/or Private (Alternative) loans
on your Web for Students if you wish to receive the funds
for summer.

If this is your first year borrowing funds at Illinois
Institute of Technology Downtown Campus you will have to
complete the Federal Master Promissory Note for each loan
type you choose to accept. Please visit our website at the
following link if you need to complete this requirement:
https://www.kentlaw.edu/depts/finaid. Also, please be aware
that while you may be eligible for a higher Grad Plus or
Private loan amount, you cannot increase the Federal Stafford
loan amounts.

Summer Award Information

The summer term is the first term of the 2007-2008academic
year. Summer financial aid, however, is processed separately
from the regular academic year.

Students must complete the 2007-2008 FAFSA in order to
receive federal loans for the summer term. The Office of
Financial Aid cannot process federal loans for a student
until his or her FAFSA information is received.

In order to receive federal financial aid for the summer
term, students must be enrolled at least half-time. Half-time
status is defined as the following: Chicago-Kent College
of Law (JD & LLM) students must enroll for at least
6 credits; Stuart School of Business students must enroll
for at least 7.2 credits; Master of Public Administration
students must enroll for at least 5 credits.

The Office of Financial Aid will automatically process
summer federal loans for students who are enrolled at least
half-time during the summer term. Law and MPA students will
receive 1/3 of their federal loan eligibility during the
summer term and business students will receive 1/4 of their
federal loan eligibility. Students may choose to borrow
alternative loan funds in addition to their federal loan
funds for the summer term. To do so, they must apply for
a loan directly with the lender of their choice.

Students who are not enrolled at least half-time may choose
to borrow alternative loan funds for the summer term. To
do so, they must apply for a loan directly with the lender
of their choice.

Free Credit Report

Did you know that you are now able to receive
a free credit report once every 12 months? We encourage
students to review their credit reports annually to check
for inaccuracies and identify any suspicious activity.

To receive your free credit report, please
visit the following link: www.annualcreditreport.com.
This central site allows you to request a free credit
file disclosure, commonly called a credit report, once
every 12 months from each of the nationwide consumer credit
reporting companies: Equifax, Experian and TransUnion.

Please be aware that other sites may advertise
free credit reports, but this is the only site that is
sponsored by the federal government and the three nationwide
credit reporting agencies. Other sites may charge fees.

2007-2008FAFSA

In order to qualify for federal financial
aid for 2007-2008, you must complete a Free Application
for Federal Student Aid (FAFSA) or Renewal FAFSA for 2007-2008.
In order to complete the 2007-2008 FAFSA you will need
to provide 2006 income and tax information, so we recommend
that you complete your 2006 tax returns before filing
your FAFSA.

REFUND CHECKS

Refund checks are generated by the Bursar's Office
and are available to be picked up at their office
(Room 290) approximately 5-7 business days after a
credit has resulted in a student's account. At this
point in the term, most financial aid funds have been
credited to students' accounts.

The Bursar's Office will send the student an email
when a refund check is available.